The Odisha government has given nod for a proposal by Jindal Stainless (JSL) for setting up a private industrial estate near Kalinga Nagar in Jajpur district.
The state government has asked the concerned authorities to complete the work in Phase-I within three years from the date of land allotment.
The project involves an investment of around Rs 1,532 crore with an employment potential of 19,000 persons.
The industrial estate will be developed in two phases. The downstream cluster will manufacture and supply stainless steel products, including construction materials, architectural designs, pipes, industrial goods, lifestyle consumables, kitchen wares, among others. Moreover, a special purpose vehicle (SPV) for the purpose has already been formed.
Around Rs 168 crore will be invested for infrastructural development and creation of common facility centres.
The Industrial Infrastructure Development Corporation (IDCO) has identified around 300 acre of land parcel to be allotted for the industrial estate.
The water requirement of 2.54 MLD will be sourced from the intake well of JSL in river Bramhani. The power requirement is around 40.58 MW, which will be met from CPP of JSL and the NESCO grid.